Flashback 2016: All The News Story On Analytics That Made Headlines In India

Another fruitful year for the industry marks an end. We saw start-ups being funded, companies being acquired, the various collaboration and partnerships, organizations and companies adopting analytics and more. But most significant addition to the list this year has been the inclusion of technologies like artificial intelligence, chatbots and robotics that made the headlines quite often. After sifting through all the news that impacted the analytics industry in some way or the other, we bring to you the biggest developments that hit this sector in the year 2016.

May

Fractal Analytics raises USD 100 million: Fractal Analytics, a leading global provider of analytics, entered a partnership with Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia, who will invest up to USD 100 million in the company to accelerate its growth.

Aug

Mezi raises $9 million: Mezi, a leading chatbot shopping app received funding in Series A Round from investors to accelerate AI bots technology. Investors in this round included previous investor Nexus Venture Partners and new investors Saama Capital and American Express Ventures.

Innovaccer raises 15.6 million:Big Data Startup Innovaccer raised 15.6 Million in Series A funding led by Westbridge Capital Partners along with other angel investors. The company intended to use this funding to accelerate its footprint in healthcare.

Tricog Health raises Series A funding: HealthCare Analytics firm Tricog Health raised undisclosed funding from Inventus Capital Partners, Blume Ventures and a host of angel investors. It was aimed for further developing the technology and market reach of their path breaking healthcare analytics platform.

SIBIA Analytics raises seed investment: SIBIA Analytics, a Kolkata based start-up in predictive analytics, raised an undisclosed amount in seed investment from a group of investors from India and USA including Radhakrishnan Natarajan and other prominent leading IT and Banking professionals.

Nov

Aarin Capital invests in Impact Analytics:Impact Analytics, a global business intelligence and data science insights provider for organizations across sectors such as retail, CPG, financial services etc. raised a seed round of $750,000 led by Aarin Capitals, co-founded by T. V. Mohandas Pai and Dr. Ranjan Pai. Ashish Lakhanpal, CEO of Kismet Capital and Michael Herzig, serial entrepreneur, were other co-investors in the startup.

Pramod Bhasin backs Scienaptics:Scienaptics, a new age analytics platform received strategic investment from senior industry leader and former Nasscom Chairman, Pramod Bhasin.

ACTIVE.AI raises $3 Mn: Active.ai, a Singapore based fintech startup announced raising a fund of $3 million from leading venture capital funds IDG Ventures India and Kalaari Capital to expand its AI platform for Banking & Payments.

Dec

THB secures an undisclosed seed funding: The Healthy Billion, (THB) a clinical research and data analytics start-up reportedly secured an undisclosed seed funding raised by Ajith Sukumaran (formerly with Nokia) and Apoorva Patni, son of Patni co-founders Ashok Patni who has set up Currae Healthtech Fund. Reportedly, Kanwaljit Singh, former MD of Helion Ventures and a current investor also participated in this funding round.

[heading size=”25″]Collaboration and Partnership[/heading]

Jan

Simplilearn partners with Tableau: Simplilearn and Tableau, one in education and the other in Business Intelligence respectively, entered into a partnership with an aim to build a talent pool of 200,000 skilled Data Scientists by the year 2020.

June

The Boston Consulting Group (BCG) and Mu Sigma announced a partnershipthat will enable their clients to leverage cutting-edge big data and analytics solutions to transform the way they do business. Mu Sigma’s integrated ecosystem of 3,500 decision scientists, along with its unique Art of Problem Solving methodologies and innovation platforms, will complement BCG’s existing strategy, technology, and analytics capabilities, further enhancing their mutual position in the market for global change management and data-driven decision making.

May

Infosys partners with Trifacta: Infosys, the Indian IT giant came into a partnership with Trifacta, the global leader in data wrangling to provide a data wrangling solution for the Infosys Information Platform (IIP) and Infosys’s other platforms and offerings. This partnership has culminated into funding, joint development, integrations and solution collaboration.

[heading size=”25″]Acquisition[/heading]

Mar

Millward Brown acquires Analytics Quotient (AQ):Millward Brown, a global leader in brand, media and communications research acquired the business operations of Analytics Quotient (AQ), a marketing analytics company that extracts insights from data to help clients define their marketing strategies.

May

Snapdeal acquires TargetingMantra: Snapdeal acquired a boutique technology firm, ‘TargetingMantra’ to further to integrate machine learning based solutions on its platform.

Jul

Synnex acquires Bangalore based Minacs: Synnex, a US based Fortune 500 corporation, came to a definitive agreement to acquire Bangalore based Minacs, a leading outsourcing business solutions in the field of manufacturing, retail, telecom, technology, media and entertainment, banking, insurance, healthcare, and public sectors. The deal valued at $420 million was made to boost up analytics space.

Hansa Cequity acquires Bangalore based D-Square: As a part of the deal signed between Hansa Cequity, India’s leading & largest customer marketing company and D-Square Solutions Private Limited, a data sciences and analytics company based out of Bengaluru, Hansa Cequity acquired a majority stake in D-Square. It aims at scaling the breadth of analytics offerings and entering artificial intelligence & machine learning capabilities.

Nov

Freshdesk acquires a Chatbot Platform Chatimity:The acquisition aims to enhance Freshdesk’s capabilities within chat platform and beyond. This comes as the company’s sixth acquisition following its stint with Airwoot, Framebench, 1CLICK.io, Konotor and Frilp within a time span of 12 months.

L&T Infotech to Acquire AugmentIQ: Leading global IT services and solutions provider L&T Infotech announced that it will acquire Pune based AugmentIQ Data Sciences Pvt. Ltd., an innovative start-up offering IP-based, big data and analytics solutions that helps enterprises derive business benefits from big data. The deal will enrich and expand LTI’s high-end analytics offerings across industries.

GE Digital acquires two AI startups: Legacy company General Electric (GE) recently acquired two major startups – California based Wise.io and Vancouver based Bit Stew Systems to bolster their AI capability. While the former specializes in machine learning, the latter is focused on data analytics.

Dec

Practo acquires Enlightiks:Practo the healthcare company, known for providing end-to-end healthcare solutions has made its third major investment by acquiring Enlightiks, healthcare analytics firm that provides business intelligence solutions and advanced analytics.

[heading size=”25″]AI, Chatbot and other technologies[/heading]

Jul

ICICI Bank adopts Blockchain and Artificial Intelligence:As part of its annual reorganization, ICICI Bank’s Managing Director and CEO, Chanda Kochhar, announced to create a new division, Technology and Digital group (TDG). This new team will be responsible of improving the digital capabilities of the bank.

Aug

Karbonn Mobiles forays into AI: Karbonn Mobiles, India’s leading handset player becomes the first mobile handset player to foray into the field of artificial intelligence. The company is the first to introduce artificial intelligence in areas of fashion and lifestyle with the launch of its smartphones ‘Fashion Eye & ‘Fashion Eye 2.0’.

Narayana Health launches Robotic Surgery Institute: Narayana Health, one-stop healthcare destination, has launched the Institute of Robotic Surgery supported by Infosys Foundation at its flagship unit at Narayana Health City. It will be using the da Vinci Robotic Surgical System primarily for prostate, kidney, gynecological, colorectal and select head & neck cancer surgeries.

Oct

Book an OYO room using Niki bot:OYO, India’s largest branded network of hotels has entered into a partnership with niki.ai, enabling users to book an OYO room using niki.ai’s bot – a unique personal assistant application powered by artificial intelligence.

Nov

India’s first humanoid Banker – Lakshmi: The friendly robot powered by Artificial Intelligence (AI) made its debut on the big stage recently at the City Union Bank based in Chennai, Tamil Nadu. It can reportedly chat with customers on more than 125 subjects, field queries on current interest rates on loans, account balance and transactional history.

Dec

Meet Haptik, virtual assistant powered by AI: Personal assistant app and conventional commerce platform powered by a combination of machines and humans, Haptik launched a new version 5.0 of the app. This chat-based app help users perform daily tasks as well as facilitate multiple end-to-end transactions on a single platform.

Jinie- India’s first HR Chatbot: Jinie is here to make the whole process of HR management more engaging and impactful. It is brought to you by Peoplestrong – one of the India’s leading human resource (HR) solutions and HR Technology Companies in the world.

[heading size=”25″]Analytics adoption and launches[/heading]

Mar

Times of India Group turns to analytics: India’s largest media and entertainment company, The Times of India Group turns to analytics to power its editorial analytics engine and driving deeper user engagement.

Noodle.ai launches operations in India: Silicon Valley based Noodle.ai and former co-founders of Infosys Consulting announced the launch of Noodle Analytics Private Limited in Bangalore, India. The venture is funded by TPG, a leading private equity firm, and the founders of the company.

[heading size=”25″]Government Initiatives[/heading]

Aug

TRAI introduces TRAI Analytics Portal: With the launch of a new portal called “TRAI Analytics Portal”, it aims at providing subscribers with all the information about the performance and quality of services being offered by their telecom operators like network coverage, data speed, call drop rates to name a few.

Sep

CAG of India sets Big Data Analytics center:A brainchild of Shri Shashi Kant Sharma, this center aims to analyze big data of the government and provide valuable insights to the government. This data analytics center will synthesize and integrate all the appropriate data required for auditing.

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Srishti currently works as Sr. Content Strategist for Analytics India Magazine. When not covering the analytics news, editing and writing articles, she could be found reading or capturing thoughts into pictures.